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Side-by-side financial comparison of Doximity, Inc. (DOCS) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $159.9M, roughly 1.2× INSTEEL INDUSTRIES INC). Doximity, Inc. runs the higher net margin — 33.3% vs 4.7%, a 28.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 9.8%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 12.0%).
Doximity is an online networking service for medical professionals. Launched in 2010, the platform offers its members curated medical news, telehealth tools, and case collaboration.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
DOCS vs IIIN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $159.9M |
| Net Profit | $61.6M | $7.6M |
| Gross Margin | 89.9% | 11.3% |
| Operating Margin | 38.9% | 6.0% |
| Net Margin | 33.3% | 4.7% |
| Revenue YoY | 9.8% | 23.3% |
| Net Profit YoY | -18.1% | 602.4% |
| EPS (diluted) | $0.31 | $0.39 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $185.1M | $159.9M | ||
| Q3 25 | $168.5M | $177.4M | ||
| Q2 25 | $145.9M | $179.9M | ||
| Q1 25 | $138.3M | $160.7M | ||
| Q4 24 | $168.6M | $129.7M | ||
| Q3 24 | $136.8M | $134.3M | ||
| Q2 24 | $126.7M | $145.8M | ||
| Q1 24 | $118.1M | $127.4M |
| Q4 25 | $61.6M | $7.6M | ||
| Q3 25 | $62.1M | $14.6M | ||
| Q2 25 | $53.3M | $15.2M | ||
| Q1 25 | $62.5M | $10.2M | ||
| Q4 24 | $75.2M | $1.1M | ||
| Q3 24 | $44.2M | $4.7M | ||
| Q2 24 | $41.4M | $6.6M | ||
| Q1 24 | $40.6M | $6.9M |
| Q4 25 | 89.9% | 11.3% | ||
| Q3 25 | 90.3% | 16.1% | ||
| Q2 25 | 89.2% | 17.1% | ||
| Q1 25 | 89.5% | 15.3% | ||
| Q4 24 | 91.6% | 7.3% | ||
| Q3 24 | 90.0% | 9.1% | ||
| Q2 24 | 89.3% | 10.6% | ||
| Q1 24 | 89.4% | 12.3% |
| Q4 25 | 38.9% | 6.0% | ||
| Q3 25 | 37.8% | 10.8% | ||
| Q2 25 | 37.4% | 11.0% | ||
| Q1 25 | 35.2% | 8.3% | ||
| Q4 24 | 47.4% | 1.1% | ||
| Q3 24 | 38.8% | 4.5% | ||
| Q2 24 | 36.4% | 6.0% | ||
| Q1 24 | 35.5% | 7.0% |
| Q4 25 | 33.3% | 4.7% | ||
| Q3 25 | 36.8% | 8.2% | ||
| Q2 25 | 36.5% | 8.4% | ||
| Q1 25 | 45.2% | 6.4% | ||
| Q4 24 | 44.6% | 0.8% | ||
| Q3 24 | 32.3% | 3.5% | ||
| Q2 24 | 32.7% | 4.5% | ||
| Q1 24 | 34.4% | 5.4% |
| Q4 25 | $0.31 | $0.39 | ||
| Q3 25 | $0.31 | $0.74 | ||
| Q2 25 | $0.27 | $0.78 | ||
| Q1 25 | $0.31 | $0.52 | ||
| Q4 24 | $0.37 | $0.06 | ||
| Q3 24 | $0.22 | $0.24 | ||
| Q2 24 | $0.21 | $0.34 | ||
| Q1 24 | $0.20 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $64.8M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $358.8M |
| Total Assets | $1.2B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $15.6M | ||
| Q3 25 | $169.2M | $38.6M | ||
| Q2 25 | $137.3M | $53.7M | ||
| Q1 25 | $209.6M | $28.4M | ||
| Q4 24 | $165.3M | $36.0M | ||
| Q3 24 | $184.2M | $111.5M | ||
| Q2 24 | $111.4M | $97.7M | ||
| Q1 24 | $96.8M | $83.9M |
| Q4 25 | $979.3M | $358.8M | ||
| Q3 25 | $1.1B | $371.5M | ||
| Q2 25 | $1.0B | $356.2M | ||
| Q1 25 | $1.1B | $341.4M | ||
| Q4 24 | $1.0B | $331.6M | ||
| Q3 24 | $961.2M | $350.9M | ||
| Q2 24 | $913.6M | $346.0M | ||
| Q1 24 | $901.4M | $340.6M |
| Q4 25 | $1.2B | $456.1M | ||
| Q3 25 | $1.3B | $462.6M | ||
| Q2 25 | $1.2B | $471.9M | ||
| Q1 25 | $1.3B | $421.9M | ||
| Q4 24 | $1.2B | $404.7M | ||
| Q3 24 | $1.1B | $422.6M | ||
| Q2 24 | $1.1B | $414.6M | ||
| Q1 24 | $1.1B | $397.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $60.9M | $-701.0K |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -1.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 0.99× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $-701.0K | ||
| Q3 25 | $93.9M | $-17.0M | ||
| Q2 25 | $62.1M | $28.5M | ||
| Q1 25 | $98.5M | $-3.3M | ||
| Q4 24 | $65.2M | $19.0M | ||
| Q3 24 | $68.3M | $16.2M | ||
| Q2 24 | $41.2M | $18.8M | ||
| Q1 24 | $63.9M | $1.4M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $-18.7M | ||
| Q2 25 | — | $26.9M | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | — | $14.5M | ||
| Q2 24 | — | $15.5M | ||
| Q1 24 | — | $-580.0K |
| Q4 25 | — | -1.4% | ||
| Q3 25 | — | -10.6% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | -3.5% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | -0.5% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | 0.0% | 1.4% | ||
| Q4 24 | 0.0% | 2.1% | ||
| Q3 24 | 0.0% | 1.3% | ||
| Q2 24 | 0.0% | 2.2% | ||
| Q1 24 | 0.0% | 1.5% |
| Q4 25 | 0.99× | -0.09× | ||
| Q3 25 | 1.51× | -1.17× | ||
| Q2 25 | 1.16× | 1.88× | ||
| Q1 25 | 1.58× | -0.32× | ||
| Q4 24 | 0.87× | 17.56× | ||
| Q3 24 | 1.55× | 3.48× | ||
| Q2 24 | 1.00× | 2.86× | ||
| Q1 24 | 1.57× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
